ms. adair, a single individual, has $218,000 agi, which includes $43,000 net investment income. compute ms. adair's unearned income medicare contribution tax. multiple choice $0 $684 $817 $1,634
Answers
Based on the information provided, Ms. Adair's unearned income Medicare contribution tax would be $684.
This is calculated by taking her net investment income of $43,000 and subtracting the threshold for an individual taxpayer of $200,000. This leaves a taxable amount of $23,000, which is then multiplied by the contribution tax rate of 2.9%. This results in a tax liability of $667.20, which is rounded up to $684.
Therefore, the correct answer is option B: $684.
Ms. Adair's Unearned Income Medicare Contribution Tax, please follow these steps:
1. Determine her Modified Adjusted Gross Income (MAGI) - In this case, her AGI is $218,000.
2. Determine the applicable threshold for her filing status - As a single individual, the threshold is $200,000.
3. Calculate the amount of MAGI exceeding the threshold - $218,000 (MAGI) - $200,000 (threshold) = $18,000.
4. Determine her Net Investment Income - In this case, it is $43,000.
5. Identify the lesser amount between the excess MAGI and the Net Investment Income - In this case, it is $18,000.
6. Multiply the lesser amount by the 3.8% Contribution Tax rate - $18,000 * 0.038 = $684.
Ms. Adair's Unearned Income Medicare Contribution Tax is $684.
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Related Questions
Suppose a lite insurance company selis a $200,000 1-year lecms iffe insurance policy to a 20yoat-old female for $230. According to the Nabional Vial Statistics Report. 58(21) the probablity that the female survives the year is 0999544 Compute and interpret the expected value of this pollcy to the insurance company The expected valje is s (Round to the nearest cent as needed) Which of the folowing interpretations of the expected valise is correct? Select the correct choice below and fir in the answer box to complete your choice (Round to the nearest cent as needed) A. The insurance company expects to make a maximum profit of 5 on every 20 -year-old fermale it insures for 1 year. B. The insurance company expects to make a profit of : on every 20-year-old female it insures for 1 month C. The irsurance company expecis to make a minimum proft of A on every 20 -year-old female it insures for 1 month D. The insurance compary empecta ta make a profit of 3 on every 20 -yeat-old female it inscires for 1 year
Answers
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
Expected value of this policy to the insurance company can be computed as follows:
Expected Value = (Probability of Survival * Amount Paid by the Policy Holder) - (Probability of Death * Amount Paid to the Policy Holder)
Probability of survival is given as 0.999544 and hence the probability of death is 1 - 0.999544 = 0.000456
Amount paid by the policyholder is given as $230 and amount paid to the policyholder in case of death is $200,000
Expected Value = (0.999544 * $230) - (0.000456 * $200,000)
Expected Value = $229.95
The expected value of this policy to the insurance company is $229.95. The correct interpretation of the expected value is "The insurance company expects to make a minimum profit of $229.95 on every 20-year-old female it insures for 1 year." Therefore, the correct option is C.
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Hall, a divorced person and custodian of her 12-year-old child, filed her 2021 federal income tax return as head of a household. She submitted the following information to the CPA who prepared her 2021 return: The divorce agreement, executed in 2016, provides for Hall to receive $3,000 per month, of which $600 is designated as child support. After the child reaches 18, the monthly payments are to be reduced to $2,400 and are to continue until remarriage or death. However, for the year 2021, Hall received a total of only $5,000 from her former husband. Hall paid an attorney $2,000 in 2021 in a suit to collect the alimony owed. In June 2017, Hall's mother gifted her 100 shares of a listed stock. The donor's basis for this stock, which she bought in 1985, was $4,000, and market value on the date of the gift was $3,000. Hall sold her stock in July 2017 for $3,500. The donor paid no gift tax.During 2017, Hall spent a total of $1,000 for state lottery tickets. Her lottery winnings in 2017 totaled $200.Hall earned a salary of $25,000 in 2017. Hall was not covered by any type of retirement plan, but contributed $2,000 to an IRA in 2017.In 2017, Hall sold an antique that she bought in 1995 to display in her home. Hall paid $800 for the antique and sold it for $1,400, using the proceeds to pay a court‐ordered judgment.Hall paid the following expenses in 2017 pertaining to the home that she owns: realty taxes, $3,400; mortgage interest, $7,000; casualty insurance, $490; assessment by city for construction of a sewer system, $910; interest of $1,000 on a personal, unsecured bank loan, the proceeds of which were used for home improvements. Hall does not rent out any portion of the home. Hall's $2,000 contribution to an IRA should be treated as
a. A deduction from adjusted gross income not subject to the 2% of adjusted gross income floor.
b. A deduction from adjusted gross income subject to the 2% of adjusted gross income floor.
c. An adjustment to income in arriving at adjusted gross income.
d. Non-deductible, with the interest income on the $2,000 to be deferred until withdrawal.
Answers
The $2000 contribution to an IRA should be treated as an An adjustment to income in arriving at adjusted gross income.
The reason Hall has to go with this option
The individuals that are not in a retirement plan of a company have the option of deducting their cash contributions to their own retirement accounts.
They are able to do this given that the money is 6000 dollars or a hundred percent of their gross income.
Taxes are not paid on interest in this type of account till the earnings from the retirement plan is distributed.
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Which method of corporate finance is predominately used by "GROWTH companies"?
A-retained earnings
B-new stock issues
C-borrowing
D-none of these are used by “growth companies"
Answers
Answer:
The method of corporate finance that is predominately used by "GROWTH companies" is B: "new stock issues."
Explanation:
Growth companies are companies that are expanding rapidly and reinvesting their profits back into the business to fuel further growth. As such, they typically need to raise additional capital to support their expansion plans. One way they can do this is by issuing new stock, which allows them to sell ownership stakes in the company to investors in exchange for funding. This can be an attractive option for growth companies because it does not require them to take on debt, which can be costly and risky, and it also does not reduce their retained earnings, which they can continue to reinvest in the business. Retained earnings and borrowing are also commonly used methods of corporate finance, but they may not be as suitable for growth companies depending on their specific circumstances.
Which is NOT an indicator of a country's economic health?
A. GDP
B. standard of living
C. environmental awareness
D. inflation
Answers
Answer:
d
Explanation:
I NEED HELP PLS DONT RESPOND WITH A LINK
_______ used the terms Theory X and Theory Y to describe different attitudes managers had about employees.
Douglas McGregor
Victor Vroom
Elton Mayo
Robert Colby
Answers
The national sales manager for your company has pulled you aside and asked you to prepare a sales document (bill) for one of the company's largest clients before the end of the fiscal year which ends this month. This sales document will include items that have not yet been shipped and are not planned for shipment until after this fiscal year. What should you do in this situation
Answers
Answer:
Discuss the situation with your supervisor
Explanation:
Organisations have a reporting structure that is put in place to share responsibility among employees.
Supervisors have higher clearance to information and greater ability to take decisions that affect the business, while the lower level employees have access to less information and do not have the authority to make major decisions that do not comply with set procedure.
In the given scenario the national sales manager wants a sales bill for items that have not yet been shipped and are not planned for shipment until after this fiscal year.
This is against normal procedure.
To get higher authority to endorse that action you will need to discuss the situation with your supervisor.
The big clients may enjoy exception to the rules and this will need to be endorsed by your supervisor
Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answers
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
Select the correct answer from each drop-down menu.
Fablan Inherited some money from his family and decided to open a hardware store on his own. He bought the entire Inventory on credit from
vendors with the promise of paying them later. He hoped to have good sales when he opened the store because there weren't any other
hardware stores in the area. However, he couldn't sell most of his stock because there did not seem to be any demand. He knew he wouldn't be
able to pay the creditors from the money the store made. What kind of ownership does Fablan have over his store? What kind of liability is
Fablan open to regarding the money owed to his creditors?
Fablan has
✓ over the store. He has
with respect to the money owed to his creditors.
Answers
Answer:
As Fabian opened his store and made a purchase in credit, this made the asset as current assets and they are mainly getting converted to current liabilities as because he is liable to pay for the products he purchased but was unable to sell those items.
Explanation:
There are many ways of making money, but when there is a way of earning money which is not predictable, then it becomes very difficult to make decisions and analyze for anything,
Julie is completing her PowerPoint presentation on rescue dogs. She wants to include a picture of her dog as the background of her title slide. Under what tab can Julie find this feature? Animations Design Home Slide Show
Answers
Answer:
Its probably too late. but its Design
Explanation:
Answer:
Design
Explanation: I did the test and got it right
When you are trying to determine if a Web site is reliable, you should ask yourself all of the following questions
except
Who has written the information?
When was the Web site created?
Is the information on the Web site biased?
Is the site relevant to the question I want to answer?
O Does the Web site follow netiquette rules?
O Is the author an expert?
O What are the goals of the Web site?
Answers
When you are trying to determine if a Web site is reliable, you should ask yourself all of the following questions except "How attractive or visually appealing is the website?".
How to determine the if a Web site is reliableThe statement mentions that all of the following questions should be asked except one. The question that is not listed in the statement is unclear. However, based on the given options, it can be assumed that the missing question is "How attractive or visually appealing is the website?".
Therefore, the answer is:
When you are trying to determine if a Web site is reliable, you should ask yourself all of the following questions except how attractive or visually appealing the website is. The questions you should ask include:
Who has written the information?
When was the Web site created?
Is the information on the Web site biased?
Is the site relevant to the question I want to answer?
Does the Web site follow netiquette rules?
Is the author an expert?
What are the goals of the Web site?
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Draw a planned aggregate expenditure curve for an economy where autonomous expenditure is $500 billion and the marginal propensity to consume is equal to 0.75. plot values for actual aggregate expenditure of $0, $200 billion, $400 billion, $600 billion, $800 billion, and $1,000 billion.
Answers
Y (in $ billions) are 0, 100, 200, 300, 400, 500 and AE (in $ bilions)= 500+0.75Y, 500, 575, 650, 725, 800, 875. By plotting this we get the aggregate expenditure line.
We start with a very simplistic model in which there is neither a government sector nor a foreign sector to demonstrate how the aggregate expenditures model functions. The results from this simplified model are then used to create a more realistic model. The simplified economy's equations are simpler to deal with, and we can easily extrapolate the findings of an analysis of a simplified economy to a more realistic one. We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total production and income. Without a government or international industry, gross.
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Administrative regulations that administer real estate license laws A) can only be changed by the legislature B) are optional for licensees, though their adherence is always recommended C) can be modified, if necessary, to insure compliance by large real estate firms D) have the same force and effect as statutory law
Answers
D) Administrative regulations that administer real estate license laws have the same force and effect as statutory law.
Administrative regulations that administer real estate license laws (option D) have the same force and effect as statutory law. These regulations are legally binding and enforceable, just like the laws passed by the legislature. They provide specific guidelines and requirements that licensees must follow to ensure compliance with real estate licensing laws. These regulations are not optional for licensees, but rather obligatory for them to adhere to. Non-compliance with these regulations can result in disciplinary action, including license suspension or revocation. While the legislature may have the authority to change or modify these regulations, they still hold the same weight and legal significance as statutory law in governing real estate license laws.
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What will a company likely do differently in terms of understanding customers if it is able tosee one customer at a time, remember what each tells the company and treat different customers differently?
Answers
A company will likely personalize its approach to understanding customers and provide individualized experiences if it is able to see, remember, and treat each customer differently.
The ability to see, remember, and treat each customer differently enables a company to understand their individual needs, preferences, and behavior.
By doing so, the company can provide personalized experiences and tailor its offerings to the specific needs of each customer. This can lead to increased customer satisfaction and loyalty, as customers feel that the company values and understands them as individuals.
Additionally, personalized experiences can drive customer engagement and improve customer retention, as customers are more likely to return to a company that provides them with a personalized experience.
Personalizing the approach to understanding customers requires advanced technologies, data management capabilities, and a focus on customer-centricity, but it can lead to significant benefits for the company and its customers.
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which of the following are not examples of defensive industries? a. food producers. b. durable goods producers. c. pharmaceutical firms. d. public utilities. e. b and c
Answers
They are not examples of producers of durable goods in defensive industries.
What exactly are non-consumable goods?
Nondurable consumer goods have a lifespan of minutes to three years and are purchased for immediate or almost immediate consumption. Fuel, clothing, footwear, and beverages are all common examples.
What kinds of things last?
Products that can be physically handled, can be kept in inventory, and typically last at least three years.
What are three examples of durable goods for consumers?
Appliances like washers, dryers, refrigerators, and air conditioners are examples of consumer durables; tools; televisions, computers, and other electronic devices; jewelry; trucks and cars; and furniture for the house and office.
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-PLEASE HELP!
Which of the following choices is an example of an installment loan?
a fixed rate home loan
a variable rate credit card
a mutual fund
a utility bill
Capital, such as a car or home, is often used to secure a loan.
True
False
Answers
2. True
The ______ is when a higher price level reduces the purchasing power of the public's accumulated savings balances. Multiple choice question. international-trade effect real-balances effect price-level effect interest-rate effect
Answers
Answer:
Explanation:
Hi
The price-level effect is regarded as a situation in which the purchasing power of the customer of its total accumulated savings balances.
How does price level affect the purchasing power of a person?Price level refers to an amount for which a certain product is available for sale. It is assumed that the savings of the consumer who is willing to buy does NOT change in the meanwhile.
If the price level of a product decreases, the net disposable income in the hands of a consumer will ultimately increase. Similarly, when the price level is higher, the net disposable income in the hands of the consumer is reduced, leading to a decrease in its purchasing power.
For example, when the savings of a person is 100 and the Product A costs 50 the consumer buys 2 units; When the prices are increased to 100, now the consumer can buy only 1 unit of Product A, indicating a decrease in the purchasing power of the person.
Hence, the price level effect is when the higher price level reduces the purchasing power of the public's savings.
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Assume that any money lent by a bank is deposited back into the banking system as a checkable deposit and that the reserve ratio is 10%. Trace out the effects of a $100 million open market purchase of U.S. Treasury bills by the Fed on the value of checkable bank deposits. What is the size of the money multiplier
Answers
Based on the information given the size of the money multiplier is 10.
Size of money multiplier:In order to find or determine the size of the money multiplier we are going to make use of money multiplier formula.
Using this formula
Money multiplier=1/r
Where:
r=Reserve ratio=10% or 0.10
Let plug in the formula
Size of money multiplier=1/0.10
Size of money multiplier=10
Inconclusion the size of the money multiplier is 10.
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A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water. Calculate the morality, molality, and mole fraction of NaOH
Answers
The morality, molality, and mole fraction of NaOH is mathematically given as
morality= 4 ppmmolality=0.7936mx1 = 0.152What are the morality, molality, and mole fraction of NaOH?
Question Parameters:
A solution was made by dissolving 800. 0 g of NaOH in 25,200 g of water.
Generally, the equation for the Molality is mathematically given as
molality = (mass / molar mass) x (1/ weight of solvent kg)
Therefore
M= (800 /40) x (1 /25.2)
M=0.7936m
Therefore
m= 10 x 18 / 1000
m= 0.18
Hence
x1 = 0.18 - 0.18 x1
1.18 x1 = 0.18
x1 = 0.152
Where the mole fraction is x1 = 0.152 The mass is
m= (800 / 800 + 2000) x 1000
m= 28.57 %
Hence the morality
molality = mg /L
molality= 8000 x 10^-3 / 2 L
morality= 4 ppm
In conclusion, the morality, molality, and mole fraction of NaOH are given respectively as
morality= 4 ppm
molality=0.7936m
x1 = 0.152
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Please help! How do you do a SWOT Analysis on a product idea?
Answers
Answer:
Use the following 8 steps to conduct a SWOT analysis.
Decide on the objective of your SWOT analysis. ...
Research your business, industry and market. ...
List your business's strengths. ...
List your business's weaknesses. ...
List potential opportunities for your business. ...
List potential threats to your business.
it is personality factor which means doing things even before being told
Answers
Answer:
Initiative.
Explanation:
Initiative is a personality factor which means doing things even before being told.
This ultimately implies that, an initiative refers to the ability of an individual to act by himself or herself without getting any instruction from anybody.
Initiative connotes the personality factor that influences an individual to perform an action or task without being told, urged, compelled or forced to do so.
outline 4 reasons why most developing countries rely on extractive levels of production
Answers
Explanation:
The World Bank helps developing countries manage their natural resource wealth responsibly and sustainably, in a way that contributes to sustainable growth and development, protects communities and reduces carbon emissions.
Which is NOT one of the “five C’s of credit”?
Answers
The five Cs: are capacity, capital, collateral, conditions, and character while requesting a business loan.
What are the five C’s of credit?Credit is the trust that permits one party to give money or resources to another party, wherein the second party does not immediately reimburse the first party (thereby creating a debt), but instead promises to pay back or return those resources (or other materials of equal value) at a later time.
The Latin verb credit, which means "one believes," is the source of the word credit.
Property, commitments kept, or performances are all examples of the first party's resources.
Think about the 5 Cs when you apply for a business loan: capacity, capital, collateral, conditions, and character.
The most crucial factor is capacity, or your ability to pay back the loan.
Therefore, the five Cs: are capacity, capital, collateral, conditions, and character while requesting a business loan.
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Complete question:
What are the “five C’s of credit”?
Answer:
"Courage" is not one of the five C's of credit.
Explanation:
Marla had $192,800 In taxable Income. Use the rates from Table 2.3. a. What is the average tax rate? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal pla
Answers
The average tax rate, rounded to two decimal places, is 32.00%.
What is the average tax rate?To determine the average tax rate, we need to know the tax rates applicable to Marla's taxable income based on Table 2.3. Since the table is not provided, I will use the 2021 tax rates for single individuals in the United States as an example:
Taxable Income Tax Rate
$0 - $9,950 10%$9,951 - $40,525 12%$40,526 - $86,375 22%$86,376 - $164,925 24%$164,926 - $209,425 32%$209,426 - $523,600 35%$523,601 and above 37%Assuming Marla's taxable income of $192,800 falls within the $164,926 - $209,425 bracket, the tax rate applicable to her income would be 32%.
Now we can calculate the average tax rate:Average tax rate = Total tax paid / Taxable incomeTo calculate the total tax paid, we multiply Marla's taxable income by the applicable tax rate:
Total tax paid = $192,800 * 32% = $61,696Finally, we can calculate the average tax rate:Average tax rate = $61,696 / $192,800 ≈ 0.3200Learn more about decimal places
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Is streaming Business in form 4 Diffult?. Justify your Answer.
Answers
Answer:
money
Explanation:
because when you have a business you are making money
_______ is a type of projective technique that offers consumers the chance to fill in the conversation of cartoonlike stories.
ZMET
Consumer report
Storytelling
Dialogue balloon
Answers
Dialogue balloon is a type of projective technique that offers consumers the chance to fill in the conversation of cartoon-like stories.The correct answer is dialogue balloon.
A dialogue balloon is a visual element commonly used in comics, cartoons, and graphic novels to depict speech or thoughts of characters.
In market research and consumer studies, the concept of a dialogue balloon is used as a projective technique to gather insights and understand consumers' thoughts, feelings, and attitudes.
During research or survey processes, consumers are presented with cartoon-like stories or scenarios that contain characters with empty dialogue balloons.
Participants are then asked to fill in the conversation or thoughts of the characters. This technique allows consumers to project their own thoughts, opinions, and emotions onto the characters, providing valuable qualitative data and insights into their perspectives and perceptions.
By engaging consumers in storytelling and allowing them to fill in the dialogue, researchers can uncover deeper insights and understandings about consumer behavior, preferences, motivations, and desires.
This technique taps into consumers' creativity and imagination, providing a unique and interactive way to gather information and gain a deeper understanding of their experiences.
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Which are the three core roles in a Scrum project and how do they interact with each other and the customer?
Answers
Scrum team or also known as Scrum project has three major roles. There are product owner roles, ScrumMaster roles, and also development team roles.
Scrum teams or also known as scrum projects generally can be defined as an Agile project management methodology that has a function to involving a small team led by a Scrum master. Scrum teams has a main job to remove all obstacles to getting work done. Scrum teams including several peoples that work together and bring a product from an idea to life. There are several types of scrum teams, such as Sprint Planning Meeting, Daily Scrum Meeting, Sprint Retrospective Meeting, Backlog Refinement Meeting, and also Sprint Review Meeting.
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The three elements of the marketing concept are __________.
a. Market share, customer needs, marketing mix
b. Customer needs, company goals, profits
c. Channel management, customer needs, profits
d. Planning, target market, social media marketing
Answers
Answer:
B. Customer needs, company goals, profits
Explanation:
Select the correct answer from each drop-down menu.
Under which categories of expenses do the given items fall?
Salaries paid to employees are a business’s _ expenses, whereas the business’s travel costs fall under the category of _expenses.
A. marketing
B.Advertising
C.Administartion
A.Selling
B.Operational
C.Production
Answers
Answer: Administration and operational are correct
Explanation:
Answer:
C and A!
Explanation:
Read the tutorial: "Administration expenses include general and administrative expenses needed to perform business functions. For example, this category includes salaries paid to employees" and "Examples of expenses (selling expenses) under this category include travel expenses for employees,"
An investment-banking firm underwrites a new issue of stocks and bonds by: _____________buying the entire bond or stock issue a company wants to sell at an agreed discount. O guaranteeing a minimum price in the market for a stock or bond O selling the entire bond or stock issue for the issuing firm in global markets. O putting up collateral for long term loans, such as bonds.
Answers
The correct answer is: buying the entire bond or stock issue a company wants to sell at an agreed discount.
When an investment-banking firm underwrites a new issue of stocks and bonds, it typically involves buying the entire bond or stock issue from the issuing company at an agreed discount or offering price. The investment bank then assumes the responsibility of selling these securities to investors in the market. The underwriting process helps the issuing company raise funds by transferring the risk of selling the securities to the investment bank. The investment bank may further distribute the securities to other investors or sell them in global markets, but the initial step is purchasing the entire issue from the company.
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Please hurry!!!!!Which of the following is not a method used by careful consumers?
Compare stores and prices on an item
O Look for bargain brands and bulk pricing
Make a shopping list
O Buy a random item that is offered on special discount, today only
Answers
Answer:
last option
Explanation:
I just know so
Answer:
the last option - this is a marketing technique used to give the customer a sense of urgency